A change in supply cannot be caused by a change in:

a. resource prices.
b. technology.
c. prices of other goods.
d. the price of the good itself.
e. the number of suppliers.


d

Economics

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Refer to Scenario 10.2. Suppose that a tax of $5 for each unit produced is imposed by state government. What is the profit maximizing level of output?

A) 0 B) 90 C) 95 D) 100 E) none of the above

Economics

If the quantity supplied is the same regardless of price, then supply is

a. elastic. b. perfectly elastic. c. perfectly inelastic. d. inelastic.

Economics

For a monopoly, for all units greater than one, the marginal revenue curve:

A. lies below the average revenue curve. B. lies above the demand curve. C. cannot be negative. D. All of these statements are true.

Economics

A firm that does business in many different countries is called a __________________.

Fill in the blank(s) with the appropriate word(s).

Economics